
Report ID: SQMIG45B2102
Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the commerce cloud market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of commerce cloud market across North America, South America, Europe, Asia, the Middle East, and Africa.
North America is the leading region by demand share in the commerce cloud market in 2023. This market is developing rapidly due to the active implementation of digital transformation strategies and advanced cloud technologies throughout the region. The growth of rapid adoption is facilitated by the shift to e-commerce and omnichannel sales, driven by the goal of high-speed digital transformation to improve customer experience and business processes: the existence of major technology hubs and a highly developed infrastructure favors this tendency. The market is supported by high investment in continued innovation and infrastructure, as well as a high emphasis on customer interaction through digital refinement. The growing need for massive and customer-centric transactions that require agile and scalable solutions is an opportunity.
The Asia Pacific commerce cloud market is expected to grow at the fastest CAGR. In Asia Pacific, the market is primarily driven by the rapid economic growth, increased internet penetration, and the rising middle class. The availability of e-commerce platforms as well as digital payment systems across the Chinese, Indian, and Southeast Asian markets is the major growth driver. In addition, opportunities such as the increasing demand for localized solutions and mobile-first strategies also positively influence the APAC commerce cloud market. Challenges include the meeting of varied requirements pertaining to data privacy and regulations.
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Commerce Cloud Market size was valued at USD 31.68 Billion in 2023 and is poised to grow from USD 38.27 Billion in 2024 to USD 173.57 Billion by 2032, growing at a CAGR of 20.8% during the forecast period (2025-2032).
Key vendors in Commerce Cloud Market are: 'IBM ', 'SAP ', 'Salesforce Commerce Cloud ', 'Adobe Commerce Cloud (Magento) ', 'Shopify ', 'BigCommerce ', 'VTEX ', 'commercetools ', 'Episerver (now part of Optimizely) ', 'Oracle Commerce ', 'Kibo Commerce ', 'Elastic Path ', 'Sitecore Experience Commerce ', 'Digital River ', 'Apttus ', 'Voyado ', 'Optimizely ', 'HCL Technologies ', 'Acumatica ', 'Sana Commerce'.
Blockchain is being used in the commerce cloud for safer, more transparent, and efficient transactions, the market looks promising. By adopting a decentralized ledger system, blockchain adds to the trustworthiness of commerce processes, especially in the case of cross-border transactions. Apart from this, the Internet of Things has been adopted in the commerce cloud for a rather interactive and informed shopping experience for the customers.
Implementation of Unified Commerce Platforms: Omnichannel commerce is commonly used in most retailers. All the information regarding customers is pulled out of a variety of channels using inventory management software, point-of-sale platforms, customer relationship-management platforms, and so on. Unified commerce is gaining more traction among users as it is a more advanced version of omnichannel commerce, which situates a single holistic pane of customer profiles in real-time across the web, mobile, and other retailers’ operations.
North America is the leading region by demand share in the commerce cloud market in 2023. This market is developing rapidly due to the active implementation of digital transformation strategies and advanced cloud technologies throughout the region. The growth of rapid adoption is facilitated by the shift to e-commerce and omnichannel sales, driven by the goal of high-speed digital transformation to improve customer experience and business processes: the existence of major technology hubs and a highly developed infrastructure favors this tendency. The market is supported by high investment in continued innovation and infrastructure, as well as a high emphasis on customer interaction through digital refinement. The growing need for massive and customer-centric transactions that require agile and scalable solutions is an opportunity.
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Report ID: SQMIG45B2102
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